LIC Market Share

Описание: Life insurers reported a growth of 22.6 per cent in first year premium collection for the period ended March 2016 as compared to same period last year, shows data released by IRDA.
Individual non-single premium collection increased by 8.6 per cent for the same period. Total first year premium collection of 24 life insurers for the period ended March 31, 2016 stood at Rs 1,38,657.3 crore including Rs 42,497 crore from individual, non-single premiums.
State-owned LIC continues to be the leader with 77 per cent of total market share as per IRDA data. LIC issued more than 2 crore new policies as against 62 lakh policies issued by private insurers for the period ended March 2016. Its first year life business grew by 24.7 per cent against 17.6 per cent for private insurers y-o-y basis for the period ended March 2016. LIC's total first year premium for the period ended March 2016 was Rs 97,674 crore, including Rs 20,100 crore from non-single premium policies.

After underperforming in financial year 2014-15, state-owned Life Insurance Corporation (LIC) has improved its performance in April by recording a 21 per cent growth in premium and 18 per cent higher sales of policies over the corresponding month a year ago.

~-~~-~~~-~~-~
Please watch: "LIC COMBINATION PLAN -6 MARRIAGE EDUCATION PENSION COMBO"
   • LIC COMBINATION PLAN -6 MARRIAGE EDUCATION...  
~-~~-~~~-~~-~